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Appeared on: Wednesday, October 22, 2003
CD prices to shoot up due to rise in demand

Moser Baer India Ltd, the world's third-largest producer of recordable compact discs, plans to lift prices by up to 10 percent after a sharp rise in global demand, executive director Ratul Puri said on Wednesday.

Moser has an 11 percent share of the global optical storage media industry and competes with Taiwanese firms CMC Magnetics Corp, the top-ranked player, and Ritek Inc, the second-largest, in the $2 billion sector.

The New Delhi-based firm has an annual installed capacity of more than a billion CDRs.